Natural Gas Declines as Soft Demand Outlook Encourages Selling

Prices Are Approaching Their Lowest Closing Price of 2014

Natural gas on Monday had its second-biggest losing session since February as a tepid demand outlook and pessimism across the energy sector continue to rip through the market.

The front-month January contract settled down 20.7 cents, or 5.4%, at $3.595 a million British thermal units on the New York Mercantile Exchange. Prices have fallen 20% from the season’s high settlement on Nov. 20 and are approaching their lowest closing price of 2014, $3.561/mmBtu. The front-month contract saw bigger losses in one session only once since...